中国覆铜板供应链_行业电话会议系-China CCL Supply Chain_ Citi Industrial Call Series _ Positive Read-across from Grace Fabric

V i e w p o i n t | 20 Jul 2025 19:15:29 ET │ 15 pages China CCL Supply Chain Citi Industrial Call Series | Positive Read-across from Grace Fabric CITI'S TAKE We recently hosted a call with Board Secretary of Grace Fabric (603256.SS). GF is the largest mfg of ultra-thin glass fabric in China as upstream material for M6-M9 CCL (producing high-speed PCB), which can be used for Nvidia AI supply chain as well as IC substrate of Apple smartphones. Aligning with SYTECH's robust 1H25 preliminary results, GF also s ...